Swatch Group Acquires Harry Winston
The Swatch Group and Harry Winston announced today, January 14th, 2013, that Swiss Swatch Group has acquired the entirety of the Harry Winston jewelry and timepiece division. That is all of Harry Winston except its diamond mining division which was not acquired by Swatch Group (nor sold as far as we know). Back in October Reuters announced that Harry Winston was searching for a buyer for its timepiece and jewelry division. Though popular, it was a widely known fact that Harry Winston was in a money losing position from a business perspective and was rumored to have been seeking a buyer for at least a little while.Now only a few months later, a buyer has emerged. We'd say that it didn't take long for Harry Winston and the Swatch Group to begin acquisition negotiations and to reach a deal. According to the Swatch Group, the terms of the purchase include 100% of the United States shares of HW Holdings Inc. - parent company of Harry Winston Inc. While the Swatch Group now has control of al

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